The Earth is easing back on to its axis today after a full month of panic that Jon Favreau might skip out on directing Iron Man 2 — not that he threatened to, mind you, though all it took was one candid MySpace entry to fertilize fanboy concern that money, ego, release-date controversies or all of the above might conspire to shatter the fragile bond between the director and the cheap-ass overlords at Marvel.

But it all appears to be moot now as not-so-shocking reports trickle in saying Favreau is on board. For good measure, and because God knows it's a long way to that April 2010 opening, the Favreau backlash is already underway at Deadline Hollywood Daily:

Marvel Studios boss David Maisel was quick to put out a "definitely" richer offer to Favreau, but not quick enough for Jon — who used the Internet and other media to rile up the movie's many fans by spreading nonsense that Marvel was dragging its feet and then lowballing him. Granted Maisel is no day at the beach himself, but, seriously, could Favreau have been more of an asshole?

Only two more years of this, Jon — no pressure. Welcome to the big time!